Kentucky Retirement Systems Insurance Trust Fund Purchases 1,112 Shares of Boston Properties, Inc. (NYSE:BXP)

Kentucky Retirement Systems Insurance Trust Fund grew its position in Boston Properties, Inc. (NYSE:BXP) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,414 shares of the real estate investment trust’s stock after purchasing an additional 1,112 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Boston Properties were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BXP. Sun Life Financial Inc. bought a new position in shares of Boston Properties in the third quarter valued at approximately $9,674,000. Raymond James & Associates raised its position in shares of Boston Properties by 11.9% in the third quarter. Raymond James & Associates now owns 110,587 shares of the real estate investment trust’s stock valued at $8,898,000 after purchasing an additional 11,752 shares during the period. Van ECK Associates Corp increased its position in Boston Properties by 12.0% during the third quarter. Van ECK Associates Corp now owns 69,275 shares of the real estate investment trust’s stock worth $6,024,000 after acquiring an additional 7,447 shares during the period. Toronto Dominion Bank raised its stake in Boston Properties by 15.7% during the 3rd quarter. Toronto Dominion Bank now owns 49,293 shares of the real estate investment trust’s stock valued at $3,966,000 after purchasing an additional 6,687 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Boston Properties by 60.5% during the 3rd quarter. Blue Trust Inc. now owns 5,669 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 2,138 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Insiders Place Their Bets

In other Boston Properties news, EVP Hilary J. Spann sold 12,379 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the sale, the executive vice president now owns 7,271 shares of the company’s stock, valued at $523,657.42. This represents a 63.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Boston Properties Trading Down 1.8 %

Shares of BXP stock opened at $69.91 on Thursday. The firm has a fifty day moving average of $73.37 and a 200-day moving average of $76.98. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties, Inc. has a 52-week low of $56.46 and a 52-week high of $90.11. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 699.17, a P/E/G ratio of 0.93 and a beta of 1.18.

Boston Properties (NYSE:BXP) last posted its earnings results on Tuesday, January 28th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. On average, equities research analysts forecast that Boston Properties, Inc. will post 6.91 earnings per share for the current fiscal year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties’s dividend payout ratio is currently 3,920.39%.

Wall Street Analyst Weigh In

BXP has been the subject of several research analyst reports. StockNews.com cut shares of Boston Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Jefferies Financial Group cut their target price on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Barclays upped their target price on shares of Boston Properties from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Wells Fargo & Company cut their target price on shares of Boston Properties from $88.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Truist Financial upped their target price on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Boston Properties presently has an average rating of “Hold” and an average price target of $82.23.

About Boston Properties

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.